Contribute to Long-Term Rebuilding in Haiti

by Lambi Fund of Haiti
Jun 12, 2014

500 Women Solidarity Enterprising Community Credit

Some of the members of COFECA
Some of the members of COFECA

Mesina stood proud and said "I am growing my business, keeping my children in school and my family alive.  I do not have to pay an arm and a leg for it and I am helping other women do the same,"

This is the story of one of 500 women who started a mutual fund putting together their one dollar (45 HTG) contribution at their monthly meeting. COFECA met the Lambi Fund a year ago and presented their proposal to develop their community credit inside the organization who is involved in transforming peanut into peanut butter; supporting women who make jelly to sell on the local market and seamstresses making clothing for local children and adults.  This organization has been struggling to expand their membership's enterprises.  

Lambi fund has funded the community credit fund to create a revolving fund.  Today 125 women of the 500 have already expanded their business with 5,000 HTG loan payable at 2% to the organization.  The interest is over 10% below  the market rate, and  will be used to expand loans to other members.  

The credit helps generate new revenue to assist women and expand food production in the Kavayon region.  Lambi Fund is currently supporting  9 organizations, like COFECA, with micro credit funds for over a thousand members to have access to small loans at 2% interest to generate or reinforce their small enterprise.  According to Foreign Policy.com, Haiti registers 75% of unemployment and widespread underemployment (2013). Building one's own enterprise is their income and revenue producing activity that keeps the family fed, the children in school.  It is the way out of poverty.  Creating work that generate an income for families is one of the many facets of rebuilding Haiti in the longterm.  

Leading a COFECA meeting
Leading a COFECA meeting

Links:

Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Lambi Fund of Haiti

Location: Washington, DC - USA
Website: http:/​/​www.lambifund.org
Project Leader:
Marie Marthe Saint Cyr
Executive Director
Washington, DC Haiti
$87,885 raised of $100,000 goal
 
402 donations
$12,115 to go
Donate Now Add Project to Favorites

Help raise money for this important cause by creating a personalized fundraising page for this project.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.